Alpha Wave Global Portfolio holdings
Alpha Wave Global, known as Falcon Edge Capital until 2021, is an alternative asset manager with private equity, private credit, and insurance and retirement businesses. It was co-founded by Rick Gerson, its chairman and chief executive, with Navroz Udwadia and Ryan Khoury, and the three are among its principal owners alongside Judan Alternatives, an Abu Dhabi company that is a subsidiary of International Holding Company. Its Moraine funds take long and short positions in special situations such as spin-offs and acquisitions. Its private credit business aims to earn income by originating senior secured loans to companies. Its clients are investment funds, sovereign wealth funds and foreign official institutions.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$60.6M |
| 2 |
Allegion
ALLE
|
+$59.1M |
| 3 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$56.9M |
| 4 |
Dollar General
DG
|
+$54.4M |
| 5 |
OI S.A. SPON ADR REPSTG 3 PFD SHS (BRA)
BTM
|
+$45.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENDP
Endo International plc
ENDP
|
+$80.5M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$65.6M |
| 3 |
Groupon
GRPN
|
+$64.2M |
| 4 |
American International
AIG
|
+$61.2M |
| 5 |
New Oriental
EDU
|
+$50.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.02% |
| 2 | Consumer Discretionary | 16.41% |
| 3 | Communication Services | 13.23% |
| 4 | Miscellaneous | 12.03% |
| 5 | Energy | 11.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Cheniere Energy
LNG
$59.6B
| $170M | 9.49% |
2,367,914
+257,000
| +12% | +$15.6M |
2013 Q2
4 quarters
|
|
2
DELISTED
SANDISK CORP
SNDK
| $113M | 6.3% |
1,079,000
+215,000
| +25% | +$19.5M |
2014 Q1
1 quarter
|
|
3
Avis
CAR
$4.23B
| $105M | 5.86% |
1,756,200
-911,000
| -34% | -$49.9M |
2013 Q2
4 quarters
|
|
|
TFCFA
4
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $99.4M | 5.56% |
2,828,000
+507,000
| +22% | +$17.2M |
2013 Q4
2 quarters
|
|
5
Berkshire Hathaway Class A
BRK.A
$1.24T
| $91.2M | 5.1% |
480
+96
| +25% | +$18.2M |
2013 Q2
4 quarters
|
|
6
Trip.com Group
TCOM
$26.9B
| $90.5M | 5.06% |
2,826,000
-166,000
| -6% | -$4.48M |
2013 Q2
4 quarters
|
|
7
DELISTED
Walgreens Boots Alliance
WBA
| $82.2M | 4.6% |
1,109,000
+220,000
| +25% | +$15.4M |
2014 Q1
1 quarter
|
|
8
Coca-Cola Europacific Partners
CCEP
$50.9B
| $80.7M | 4.51% |
1,689,000
+508,000
| +43% | +$23.4M |
2014 Q1
1 quarter
|
|
9
Booking.com
BKNG
$128B
| $73.5M | 4.11% |
1,527,500
| – | – |
2013 Q4
2 quarters
|
|
|
10
JD.com
JD
$37.4B
| $66.3M | 3.71% |
+2,325,000
| New | +$60.6M |
2014 Q2
0 quarters
|
|
|
QCOR
11
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $63.8M | 3.57% |
+690,000
| New | +$59.1M |
2014 Q2
0 quarters
|
|
|
12
Allegion
ALLE
$16.4B
| $63.7M | 3.56% |
+1,124,344
| New | +$59.1M |
2014 Q2
0 quarters
|
|
|
GRA
13
DELISTED
W.R. Grace & Co.
GRA
| $63.3M | 3.54% |
669,800
-154,000
| -19% | -$14.5M |
2013 Q4
2 quarters
|
|
|
MNK
14
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $62.9M | 3.52% |
+785,965
| New | +$56.9M |
2014 Q2
0 quarters
|
|
15
Element Solutions
ESI
$8.15B
| $61M | 3.41% |
2,178,000
+303,000
| +16% | +$7.04M |
2014 Q1
1 quarter
|
|
16
Enovis
ENOV
$1.41B
| $59.3M | 3.31% |
461,895
-171,395
| -27% | -$21.4M |
2013 Q2
4 quarters
|
|
|
FRX
17
DELISTED
FOREST LABORATORIES INC
FRX
| $54.8M | 3.06% |
553,685
+170,685
| +45% | +$15.9M |
2014 Q1
1 quarter
|
|
|
AGN
18
DELISTED
Allergan plc
AGN
| $54.6M | 3.05% |
245,000
-212,000
| -46% | -$43.9M |
2014 Q1
1 quarter
|
|
|
19
Dollar General
DG
$31.2B
| $54.5M | 3.05% |
+951,000
| New | +$54.4M |
2014 Q2
0 quarters
|
|
20
Intercontinental Exchange
ICE
$97.8B
| $50.8M | 2.84% |
1,345,000
| – | – |
2013 Q2
4 quarters
|
|
|
21
DELISTED
OI S.A. SPON ADR REPSTG 3 PFD SHS (BRA)
BTM
| $45.6M | 2.55% |
+53,114,128
| New | +$45.6M |
2014 Q2
0 quarters
|
|
22
PBF Energy
PBF
$8.61B
| $40M | 2.23% |
+1,500,000
| New | +$44.4M |
2014 Q2
0 quarters
|
|
23
Liberty Global Class C
LBTYK
$3.19B
| $39.6M | 2.21% |
1,157,604
+683,067
| +144% | +$22.6M |
2013 Q2
4 quarters
|
|
|
OIBR.C
24
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
| $35M | 1.96% |
+72,440
| New | +$38.6M |
2014 Q2
0 quarters
|
|
25
PUT
Brink's
BCO
$4.66B
| $25.1M | 1.4% |
+889,500
| New | +$23.9M |
2014 Q2
0 quarters
|
|
Similar funds
Alpha Wave Global's Q2 2014 Portfolio in Review
As of Q2 2014, Alpha Wave Global held 37 positions worth $1.79B, up 16% from $1.55B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Alpha Wave Global's Q2 2014 filing shows 11 new, 9 increased, 6 reduced and 8 closed positions. Its largest new stake was JD.com: 2,325,000 shares worth $66.3M. The largest sale was Endo International plc, an estimated $80.5M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 22% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Alpha Wave Global's largest Q2 2014 buy was JD.com: 2,325,000 shares worth $66.3M.
- Alpha Wave Global added most to Coca-Cola Europacific Partners in Q2 2014, an estimated $23.4M increase.
- Alpha Wave Global's biggest Q2 2014 reduction was Avis, cutting an estimated $49.9M.
- Alpha Wave Global fully exited Endo International plc in Q2 2014, selling an estimated $80.5M.
- Alpha Wave Global's ten largest holdings make up 54% of its $1.79B portfolio in Q2 2014.
- Alpha Wave Global opened 11 new positions and closed 8 in Q2 2014.
- Alpha Wave Global's portfolio value rose 16% quarter-over-quarter to $1.79B.
Based on Alpha Wave Global's 13F filing for Q2 2014, filed 14 Aug 2014.